In a move following its acquisition by a cryptocurrency exchange for $30 million, cross-chain wallet BitKeep underwent rebranding in March and emerged as Bitget Wallet. The rebranding coincided with the launch of Bitget Swap, an in-wallet cross-chain swap mech anism that offers enhanced liquidity by connecting to around 100 decentralized exchanges across 20 different chains.
This rebranding also brings about the introduction of Bitget Swap, an in-wallet cross-chain swap feature that extends connectivity to approximately 100 decentralized exchanges across 20 diverse chains, aiming to enhance liquidity.
With this integration, users of Bitget Wallet will benefit from the Bitget User Protection Fund worth $360 million. This fund, which includes 6,500 Bitcoins, 120 million Tethers, and $40 million in other coins, is a shared initiative between Bitget Wallet users and exchange users . This fund serves to safeguard against potential security breaches and incidents. The idea for such a fund came after the collapse of FTX cryptocurrency exchange last November, leading FTX to establish a $300 million fund. The increase in Bitcoin prices subsequently resulted in a $60 million appreciation of the fund.
In the realm of user protection, Bitget Wallet's COO Moka Han highlighted the rigorous security measures in place. The cross-chain bridge, a critical feature in the wallet's offering, will undergo stringent third-party security audits from firms like SlowMist and CertiK be fore being deployed. Additionally, the bridge will be continuously monitored post-deployment. Moreover, the wallet recently integrated five stable payment channels, including Banxa, Simplex, Alchemy Pay, MoonPay, and FaTPay. This allows users to make cryptocurrency purchases within the wallet using credit cards, Google Pay, and Apple Pay.
Bitget Wallet is a Popular Wallet Choice in the Asia-Pacific Region, Boasting Over 10 Million Users, a user base comparable. As the cryptocurrency ecosystem evolves, various exchanges like okx, kucoin, and binance have begun offering seldodial wallets alongside their primary exchange services.
